Business
Business
Business
business
Business
100
The organised effort of individuals to produce and sell, for a profit, the products that satisfy individuals needs and wants.
What is a business
100
A legal business structure that is owned and operated by between two and twenty people with the aim of making a profit.
What is a Partnership
100
An improvement on something already established.
What is Innovation
100
A feature of a corporate ownership that limits each owner’s financial liability to the amount of money he or she has paid for the business’s share.
What is Limited Liability
100
A good or service that can be bought or sold.
What is a product
200
A set of activities undertaken to improve existing products, create new products and improve production.
What is Research & Development (R&D)
200
The process of transferring ownership of a government business to the private sector.
What is Privatisation
200
The money a business receives as payment for its products.
What is Revenue
200

 a large business with a home base in one country that operates partially owned or wholly owned businesses in other countries.

MNC

200

takes risks to make a profit and does business

entrepreneur 

300
Refers to the process companies go through to become a separate legal entity from the owner/s.
What is Incorporated
300

No need to pay company expenses debtsfrom your own pocket 

Limited liability 

300
A legal business structure that is owned and operated by between two and twenty people with the aim of making a profit.
What is a Partnership
300
The buying and selling of information and products via the internet.
What is E-commerce
300
Any group or individual who has an interest in or is affected by the activities of a business.
What is a Stakeholder
400

independently owned but not dominant in the market

What is SME

400
A business with a very restricted geographical spread, it serves the surrounding area.
What is a Local Business
400
Includes all those businesses in which a product is directly associated with natural resources.
What is the Primary Industry
400

obtain (goods or a service) by contract from an outside supplier.

outsourcing

400
Refers to the possibility of loss.
What is Risk
500

Complete concentration by one firm in the industry, e.g. Australia Post.

What is Monopoly

500
are the periods of growth (‘boom’) and recession (‘bust’) that occur as a result of fluctuations in the general level of economic activity.
What is Economic cycles – (or business cycles)
500
A company that has branches in many different countries.
What is a Transnational (Multinational) Corporation (TNC)
500

miss tamer's country 

kyrgyzstan

500
Occurs when an independent and suitably qualified person – the liquidator – is appointed to take control of the business with the intention of selling all the company’s assets in an orderly and fair way in order to pay the creditors.
What is Liquidation
M
e
n
u